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TB EX Qu. 6-205 During 2021, a company sells... During 2021, a company sells 25 units of inventory. The company has the following inventory purchase
TB EX Qu. 6-205 During 2021, a company sells... During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep. 8 Purchase Number of Units 20 10 30 Unit Cost $50 52 Total Cost $1,000 520 $1,520 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold
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